Posted on 02/03/2014 12:38:51 PM PST by Signalman
February is looking an awful lot like January for investors. Emphasis on awful.
The Dow tumbled more than 300 points Monday afternoon, or almost 2%, after a much worse-than-expected reading on manufacturing activity. The S&P 500 and Nasdaq were down more than 2%. CNNMoney's Tech 30 index was also down sharply.
Investors were disappointed after the Institute for Supply Management's monthly index showed that manufacturing activity last month expanded at its weakest pace since May.
The bad news comes as investors are still reeling from a rough January. Disappointing earnings and volatility in emerging markets sent stocks sharply lower during the first month of the year. The Dow tumbled more than 5% last month -- its worst January since 2009.
(Excerpt) Read more at money.cnn.com ...
Wait till all the Rubes that thought the had Free Health care are shocked, Shocked I tell you that they either don’t have coverage because they ignored the Invoice the Insurance Company sent them or they get a bill because the Coverage they do have has a 6-8 Thousand Dollar Deductable and a large co-pay.
What was the weather like in Dec ‘08? That was the last bad January for the market, right?
How long until the IOU’s go out instead of $$$ for tax refunds?
If the economy tanks, Obama will lose the senate in a landslide.
Is there a website tracking how many bankers have now committed suicide?
We’ll send em IOU’s for leaving their lands after we freed them.
Maybe we’ll send food stamps or just send food, since no one seems to be able to feed themselves these days.
If we stopped sending for only one week, Egypt would explode.
If we stopped sending food to China, same thing.
If we stopped sending food to Cuba, Mariana Boat Lift Part Duex....
I notice my 401k was not happy the morning after the SOTU speech.
And this is just what happens when the Fed THREATENS (they haven’t actually done it, yet)to pull $10 Billion of the $84 billion a month (QE-Forever)in banker handouts away from the party....
Blah. Blah. Blah.
The market now should have dropped like a rock a long time ago, propped up beyond all rational excuses to do so other than political. Both sides of the isle were hoping it would last after November without a major correction I believe, it will be interesting to see what is done to keep it up until then.
aisle, jeeze...
Bad weather is killing our business in January... UPS/FDX and a lot of other transports are also hit.
So we got a generous check as a Christmas gift. Can anyone tell me when the correction will be over so we can invest it?
If there ever will be a good time again.
The economy has sucked for years, although it now appears that the hot air that emitted by Obama’s minions is losing it effectiveness in keeping the market aloft.
Expect the Administration to lean even more heavily on the brokerage houses to rein-in the selling. Can’t have a bad stock market while the half-African prince occupies the White Hut.
Hard assets.
If your cars in good shape, Buy the next round of tires now. If you do your own, oil filters, and a few cases of oil when on sale.
Look around the kitchen. Any appliances going to need replaceing in the next couple years.
How about fuel? Buy next winter’s fuel at this lower prices this spring. (And buy an extra tank to store more on hand)
Firewood? Buy extra chains and cases of oil.
Maybe the market is sensing the synthetic reality of 0bama’s “mystique” is rapidly coming to an end and the synthetic reality of high stock prices (the good only thing about his reign) are also likely to fade.
No doubt, we would like to see this fool erased from his throne, but to think that there will not be pain in the process is probably naive.
Excellent advice. Inflation is coming. A nation cannot print money without inflation following.
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